Use the statement of stockholders’ equity in Exhibit 11-4 (p. 595) to answer the following questions about Allied Electronics Corporation:
1. How much cash did the issuance of common stock bring in during 20X9? (p. 487)
2. What was the effect of the stock dividends on Allied’s retained earnings? on total paid-in capital? on total stockholders’ equity? on total assets? (pp. 498–500)
3. What was the cost of the treasury stock that Allied purchased during 20X9? What was Allied’s cost of the treasury stock that Allied sold during the year? For how much did Allied sell the treasury stock during 20X9? (pp. 493, 494)
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